The Vietnamese garment and textile sector is carrying out various measures to bolster production and business activities amidst formidable challenges posed by falling demand, high inventory, and geopolitical instability in several countries, according to insiders.

Enjoying a rise in orders, the garment and textile sector is optimistic about the completion of its target of earning US$44 billion in export revenue set for this year.

Diversifying sources of materials and stepping up digital transformation have been regarded as the key to the building of a smart, sustainable supply chain in the garment-textile sector, insiders said.

With obstacles and challenges awaiting the garment and textile sector in the first half given a lack of recovery signal in global demand, most firms have prepared their schemes to overcome.

VOV.VN - The local garment and textile sector is targeting an export turnover of US$39 billion this year, marking increases of 11.2% and 0.2% compared to 2020 and 2019, respectively, according to the Vietnam Textile and Apparel Association (VITAS).

Vietnam’s garment-textile sector sets a target of US$39 billion in export revenue this year, equal to that of 2019, according to the Vietnam National Textile and Garment Group (Vinatex).

Vietnam’s garment-textile export turnover is projected at US$38-39 billion in 2021, Le Tien Truong, Chairman of the Vietnam National Textile and Garment Group (Vinatex) said on December 29.